Bonds Flashcards
1
Q
US Treasury securities
A
All US treasury securities are nontaxable at the state and local level
Non-marketable securities are not easily bought or sold
Series EE bonds
Series HH bonds
Series I bonds
Marketable US treasury securities
US treasury bills
US treasury notes
US treasury bonds
2
Q
Us treasury bills
A
Maturity less than 1 year
Sold on a discounted yield basis which simply means they do not pay interest, the bonds just mature at par value
3
Q
Us treasury notes
A
Maturity between 2 and 10 years
Interest paid semi annually
4
Q
Us treasury bonds
A
Maturities greater than 10 years
Interest paid semi annually
